Construction output in South Korea fell 1.1% year-on-year in April 2022, following a 5.2% decrease in the previous month. Output declined for the third consecutive month as a sharp fall in the value of building (-1.5%) outweighed a slight gain in the value of civil engineering (0.3%). source: Statistics Korea
Construction Output in South Korea averaged 1.26 percent from 1998 until 2022, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Construction Output in South Korea is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2023, according to our econometric models.